Stryker Crosses Below its 10-day MA (SYK)
Today, shares of Stryker (NYSE:SYK) have fallen below their 10-day MA of $121.74 on a volume of 1.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Stryker have traded between a low of $86.68 and a high of $123.55 and are now at $116.78, which is 35% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Stryker on January 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.19. Since that recommendation, shares of Stryker have risen 31.5%. We continue to monitor SYK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Stryker